in force 2026-06-11 MODIFIED+770 −0§
Amended by Regulation (EU) 2026/808 32026R0808
applies from: unchanged
A new paragraph 3 has been added requiring national resolution authorities to consult the Board before acting under Article 86 of Directive 2014/59/EU for the entities and groups referred to in Article 7(2), and for those in Article 7(4)(b) and Article 7(5) where the conditions for applying those provisions are met.
The new paragraph 3 also sets a minimum time limit of two working days for the Board to respond to a consultation request, and states that if the Board neither responds within that limit nor requests an extension, it is treated as having no comments.
Paragraphs 1 and 2 of the provision remain the same in both versions.
Cited: Art. 31, v2 · Art. 31, v1
text before / after
02014R0806-20251110 → 02014R0806-20260611
Article 31 Cooperation within the SRM 1. The Board shall perform its tasks in close cooperation with national resolution authorities. The Board shall, in cooperation with national resolution authorities, approve and make public a framework to organise the practical arrangements for the implementation of this Article. In order to ensure effective and consistent application of this Article, the Board: (a) shall issue guidelines and general instructions to national resolution authorities according to which the tasks are performed and resolution decisions are adopted by national resolution authorities; (b) may at any time exercise the powers referred to in Articles 34 to 37; (c) may request, on an ad hoc or continuous basis, information from national resolution authorities on the performance of the tasks carried out by them under Article 7(3); (d) shall receive from national resolution authorities draft decisions on which it may express its views, and, in particular, indicate the elements of the draft decision that do not comply with this Regulation or with the Board's general instructions. For the purposes of evaluating resolution plans, the Board may request national resolution authorities to submit to the Board all information necessary, as obtained by them in accordance with Article 11 and Article 13(1) of Directive 2014/59/EU, without prejudice to Chapter 5 of this Title. 2. Article 13(4) to (10) and Articles 88 to 92 of Directive 2014/59/EU shall not apply to relations between national resolution authorities. The joint decision and any decision taken in the absence of a joint decision as referred to in Article 45h of Directive 2014/59/EU shall not apply. The relevant provisions of this Regulation shall apply instead.3. For the entities and groups referred to in Article 7(2) of this Regulation and for the entities and groups referred to in Article 7(4), point (b), and Article 7(5), of this Regulation where the conditions for the application of those provisions are met, national resolution authorities shall consult the Board before acting under Article 86 of Directive 2014/59/EU. National resolution authorities shall set an appropriate time limit for the Board to respond to the request for consultation, which shall not be shorter than two working days after the submission of the request by the national resolution authority. Where the Board does not express its views within that time limit, or request the extension thereof, it shall be assumed that the Board has no comments.